Test: AP Macroeconomics

Assume the exchange rate from Mexican pesos to American dollars is 8 pesos to $1.

1.

If a bushel of wheat is 12 pesos in Mexico, how many bushels in Mexico could $1200 buy?

1800 bushels

1260 bushels

1000 bushels

800 bushels

400 bushels

1/2 questions

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